AUD/USD buying signals - Technical Analysis - Dukascopy Bank
Thu, 07 Jan 2021 08:03:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
27%
-3.5%
Shorts
74%
73%
1.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Sell
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇒
The Australian Dollar surged by 68 points or 0.88% against the US Dollar on Wednesday. The currency pair tested the upper line of an ascending channel pattern at 0.7820 during Wednesday's trading session.
As for the near future, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the weekly R2 at 0.7848.
However, if the AUD/USD currency exchange rate breaks a support cluster at the 0.7770 level, a decline towards the 0.7700 area could be expected during the following trading session.
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